Understanding GST in Rummy Passion
Effective October 1, 2023, a new Goods and Services Tax (GST) policy has been implemented in India, impacting all online skill-based games, including rummy. At Rummy Passion, we are committed to transparency and ensuring you understand these changes and how they affect your gameplay.
Key Takeaway: A 28% GST will now be levied on all deposits made to your Rummy Passion account.
How it Works
Deposit Amount (Credited Balance): The amount you will have available for gameplay in your Rummy Passion deposit balance. This amount is non-withdrawable.
GST (28%): Calculated as 28% of your deposit amount. This portion is remitted directly to the government.
Total Payable Amount: The total amount you need to pay, including the deposit amount and the GST.
Illustrative Example:
Let's say you want ₹100 credited to your Rummy Passion deposit balance.
Deposit Amount (Credited to your Deposit Balance): ₹100
GST (28%): ₹28 (Calculated on ₹100)
Total Payable Amount: ₹128 (₹100 + ₹28)
| Transaction Details | Amount |
|---|---|
| Deposit Amount (Credited to your Deposit Balance): | ₹100 |
| GST (28%) | ₹28 |
| Total Payable Amount | ₹128 |
Rummy Passion's Commitment
We understand that changes to taxation can be complex. We are committed to providing a seamless and transparent gaming experience. This includes:
Clear Communication: Providing clear and concise information about the GST implications on your deposits
Accurate Accounting: Ensuring accurate calculation and remittance of GST to the government.
Uninterrupted Gameplay: Minimizing any disruption to your gaming experience due to these changes.
We encourage you to reach out to our customer support team if you have any questions or require further clarification regarding the new GST policy. You can also refer to the official government circular (mirror) for detailed information.
We are here to help you navigate these changes and continue enjoying your rummy experience on Rummy Passion.
FAQs
GST or Goods and Services Tax is an indirect tax levied on most goods and services sold in India. It was introduced in 2017 to create a unified tax system and replaced many previous taxes like VAT, service tax, etc.
GST replaced the complex system of multiple taxes like excise duty, VAT, etc. previously levied by states and central government. It created one common tax system across India.
There are 4 main GST tax slabs - 5%, 12%, 18% and 28%. Different goods and services fall under different slabs.
Key differences are GST is nation-wide, applies to both goods and services, and replaces all other indirect taxes with a single unified tax.
Yes, effective from 1st October 2023 there is 28% GST on deposits in online rummy in India.
The GST rate is set by the government and can change anytime. The GST rate for online rummy is 28% on all deposits as per the current GST notification.
Yes, like all other businesses Rummy Passion calculates and files monthly GST returns as per government regulations.
Effective from 1st October 2023, in compliance with government regulations, a Goods and Services Tax (GST) of 28% will be levied on all player deposits.
Very! Rummy Passion prides itself on being open and straightforward. We don't hide anything, and we make sure players know about any charges, rules, or updates. For the most current info, it's a good idea to check out our Terms & Conditions. Our main goal is to earn your trust and make sure you enjoy playing without any worries.
Yes, effective from October 1, 2023, a GST rate of 28% is charged on every deposit made by players.
The current GST on all deposits for online rummy games is 28%.
Yes, in compliance with the government's new GST policy, there is a 28% GST applicable on deposits for online rummy games.
No, GST is only deducted at the time of making a cash deposit.
Yes, whenever applicable, you need to pay both GST and TDS. GST is applicable when you add cash to your account, and TDS is applicable on net winnings during withdrawals.
Yes. For the deposits made by the players, Rummy Passion shall issue GST compliant invoices which can be obtained by the players by accessing View Transactions screen from the Rummy Passion App/Web app.